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The Mismeasure of Progress - Economic Growth and Its Critics (Hardcover)
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The Mismeasure of Progress - Economic Growth and Its Critics (Hardcover)
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Few ideas in the past century have had wider financial, political,
and governmental impact than that of economic growth. The common
belief that endless economic growth, as measured by Gross Domestic
Product, is not only possible but actually essential for the
flourishing of civilization remains a powerful policy goal and
aspiration for many. In The Mismeasure of Progress, Stephen J.
Macekura exposes a historical road not taken, illuminating the
stories of the activists, intellectuals, and other leaders who long
argued that GDP growth was not all it was cracked up to be.
Beginning with the rise of the growth paradigm in the 1940s and
1950s and continuing through the present day, The Mismeasure of
Progress is the first book on the myriad thinkers who argued
against growth and the conventional way progress had been measured
and defined. For growth critics, questioning the meaning and
measurement of growth was a necessary first step to creating a more
just, equal, and sustainable world. These critics argued that
focusing on growth alone would not resolve social, political, and
environmental problems, and they put forth alternate methods for
defining and measuring human progress. In today's global political
scene--marked by vast inequalities of power and wealth and made
even more fraught by a global climate emergency--the ideas
presented by these earlier critics of growth resonate more loudly
than ever. Economic growth appealed to many political leaders
because it allowed them to avoid addressing political trade-offs
and class conflict. It sustained the fiction that humans are
somehow separate from nonhuman "nature," ignoring the intimate and
dense connections between the two. In order to create a truly just
and equitable society, Macekura argues, we need a clear
understanding of our collective needs beyond growth and more
holistic definitions of progress that transcend economic metrics
like GDP.
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